Dollar euro exchange rate history

Since the beginning of this year, reference exchange rate has escalated about 1.05 percent. With this movement, dollar exchange rates at commercial banks also went up by VND30-VND45 per dollar in tandem to VND23,470-VND23,480 per dollar. On free market, the US dollar exchange rate also rose by VND40 per dollar to trade at VND23,390 for buying and VND23,420 per dollar for selling. Explaining about changes in exchange rate, the central bank of Vietnam said that impact of external elements relating to information on the trade negotiation between the US and China has raised concern over the possibility of a negative and escalating international trade dispute. However, SBV still assured that at the present exchange rate remains fairly stable, the balance of foreign currency supply and demand is moderately smooth, liquidity on the market is normal and the demand for foreign currency of organizations and individuals is fully met in a timely manner. The Vietnam’s stock market opened … [Read more...] about US dollar exchange rate hits all-time high

Since the beginning of this year, reference exchange rate has escalated VND236 per dollar, or 1.03 percent. Although reference exchange rate hit a new record, the US dollar prices at commercial banks dropped by VND60-70 per dollar. BIDV bought dollars at VND23,250 per dollar and sold at VND23,370 per dollar, down VND60 per dollar in both buying and selling prices. Meanwhile, ACB reduced its dollar exchange rate by VND70 per dollar to VND23,250 per dollar for buying and VND23,350 per dollar for selling. The Vietnam’s stock market extended rising momentum to the fourth day on May 15 as banking shares and blue-chip stocks, including BVH, FPT, GAS, MSN, VNM, VJC, PLX and VRE rallied, marking the highest jump since March 12. The benchmark bounced 10.3 percent, or 1.07 percent, to close at 975.64 points. The HNX-Index of the smaller bourse in the north also gained 0.74 points, or 0.7 percent, to 106.43 points. Foreign investors net sold 7.9 million shares worth VND233 billion. Market … [Read more...] about Dollar exchange rate makes new record

Reference exchange rate at the State Bank of Vietnam Operations Center was kept unchanged at VND23,200 per dollar in buying price but went up VND6 per dollar over the previous day to VND23,693 per dollar. Thus, the central bank has raised reference exchange rate by VND226 per dollar, or nearly 1 percent, since the beginning of this year. The prices of dollar at commercial banks were also sharply increased by VND40-45 per dollar. On free market, dollars were sold at VND24,100 per dollar and bought at VND23,375 per dollar, an increase of VND30 per dollar over the previous day. While domestic dollar price strongly climbed, the greenback weakened globally. The US Dollar Index fell to 97.75 points from 97.55 points on May 9. By Nhung Nguyen – Translated by Thuy Doan Tags: dollar exchange rate central bank … [Read more...] about Dollar exchange rate has risen by nearly 1 percent this year

At commercial banks, the prices of US dollar also rebounded after cooling down last week. Particularly, two state-owned banks, Vietcombank and BIDV, both raised VND40 per dollar in buying price to VND23,275 and VND60 per dollar in selling price to VND23,395. Eximbank added VND50 per dollar to buying and selling prices to VND23,300 per dollar and VND23,380 respectively. ACB increased VND50 per dollar in buying price to VND23,300 and VND60 per dollar in selling price to VND23,390. On free market, the US dollar exchange rate also exceeded VND23,300 per dollar after climbing by VND30-VND35 per dollar compared to the previous day but was still lower than dollar selling prices of commercial banks by VND70-80 per dollar. Meanwhile, the US dollar on global market tended to decline. The US Dollar Index, which tracks the greenback’s strength against a basket of other major currencies, was at 97.4 points at 3 p.m. on May 7, down 0.2 percent compared to the same time on the previous … [Read more...] about US dollar exchange rate makes record high in Vietnam

Lately, the buying price of the US dollar was also raised by VND6 per dollar by the Operations Center of SBV. The operator is supposed to take advantage of favorable market conditions to buy in the US dollar, increasing foreign-exchange reserves. Last year, the reference exchange rate gained 1.45 percent in total while exchange rate on interbank market as well as free foreign exchange market surged roughly 2.38 percent and exchange rates at commercial banks climbed 2.16 percent. The US dollar exchange rate against the Vietnamese dong increased mainly because the US Federal Reserve had raised its benchmark interest rate for four times to 2.25-2.5 percent per annum. In addition, some other foreign currencies had devalued by 2.5-10 percent compared to the US dollar. Of which, the Chinese renminbi depreciated up to 10 percent. However, exchange rates at commercial banks have been calm since the beginning of the year. At Vietcombank, the exchange rate closed at VND23,150-VND23,250 per … [Read more...] about SBV increases reference exchange rate, foreign-exchange reserves

Viet Nam News HÀ NỘI — After strengthening the US dollar against the đồng over the past few days, commercial banks on Thursday weakened the value of the greenback. Vietcombank listed the dollar at VNĐ23,140 for buying and VNĐ23,220 for selling, down VNĐ80 against Tuesday. The buying and selling rates at BIDV on Thursday also slid by VNĐ20 against Wednesday to VNĐ23,130 and VNĐ23,210, respectively. VietinBank also weakened the dollar by VNĐ18 against Wednesday to VNĐ23,140 for buying and VNĐ23,220 for selling. DongABank quoted the rates of VNĐ23,130 and VNĐ23,220, down VNĐ80 against Wednesday. Eximbank’s and ACB’s selling rates both declined by VNĐ20 to VNĐ23, 210. The same move was also seen on the unofficial market with the dollar traded at VNĐ23,330 and VNĐ23,360 for buying and selling, down VNĐ90 against Tuesday. On Thursday, the State Bank of … [Read more...] about Dollar/đồng exchange rate cools down

Exchange rate policy: A guessing gameBy Hai Ly Vietnam is not spared from the impact of the international financial developments. The U.S. dollar rate on the interbank market does not have any sign of decline - PHOTO: THANH HOA The State Bank of Vietnam has enough resources to stabilize the foreign exchange market, which is under the pressure of change due to several factors. However, it’s not easy to guess the concrete steps it will take. The price for U.S. dollar transfers quoted by commercial banks early last week made a big jump, soaring by more than VND100 to VND23,110 per dollar. Compared with prices on the free market, this price is just lower than the dollar selling price by merely VND30 per dollar but higher than the buying price on the unofficial market. However, the gap between the buying and selling prices of banks is as much as VND70, much bigger than the small gap of VND10-30 during previous exchange rate fluctuations. According to several … [Read more...] about Exchange rate policy: A guessing game

Commercial banks on Tuesday can buy the greenback from the SBV’s Operation Centre at VND23,050 per dollar. — Photo VNAViet Nam News HÀ NỘI — The State Bank of Việt Nam (SBV) has stepped in to steady the dollar-đồng exchange rate by selling the greenback on Tuesday at 1 per cent lower than the previous day’s rate. Commercial banks were able to buy from the central bank’s Operation Centre at VNĐ23,050. The SBV also cut the daily reference exchange rate by VNĐ5 to VNĐ22,630 to the dollar. With the current trading band of 3 per cent, the ceiling rate for banks during the day was VNĐ23,309 and the floor rate was VNĐ21,951. Earlier SBV Governor Lê Minh Hưng had told an online conference between the Government and localities that the central bank was willing to intervene in the foreign exchange market if supply or demand problems arose. The dollar has appreciated significantly against the … [Read more...] about Central bank lowers dollar rate to keep exchange rate steady

Vietcombank decided to reduce the dong’s value by VND45, setting its dollar buying rate at VND22,820 and selling price at VND22,890.— Photo ndh.vn On May 29 the State Bank of Viet Nam adjusted the dong-US dollar exchange rate, weakening the Vietnamese currency by VND9 to VND22,605 per dollar, which represented the greenback’s biggest rise so far this year. Following the central bank’s move, many banks immediately adjusted their exchange rates. Vietcombank decided to reduce the dong’s value by VND45, setting its dollar buying rate at VND22,820 and selling price at VND22,890. The exchange rate on the open market stood at VND23,000 to the dollar. But on the following day (May 30) the dollar lost value. Eximbank cut its buying and selling rates by VND50 to VND22,770 and VND22,860, and Vietcombank by VND35 to VND22,785 and VND22,855. The SBV reduced the interbank exchange rate by VND15 to VND22,590 per dollar. The sharp fluctuations belied the predictions of … [Read more...] about Volatility returns to foreign exchange rates

The exchange rate between the Vietnamese dong and the US dollar has kept on rising significantly in recent weeks, which has surprised both investors and analysts in Viet Nam despite the economy’s stable development and historical-high foreign reserves. Viet Nam News reporter Nguyen Hoang Son discusses the issue with Pham Tien Dung, deputy head of analysis and investment consultancy at Bao Viet Securities Joint Stock Company. The exchange rate between the Vietnamese dong and the US dollar has continued to rise in recent weeks. Some say that the VND/USD exchange rate has reached its historical high. What do you think are the reasons for the ongoing increase in the VND/USD exchange rate? The VND/USD daily reference exchange rate set by the State Bank of Viet Nam has been rising since the beginning of 2018, from VND22,415 a dollar on December 31, 2017 to VND22,605 a dollar on May 29, 2018 – equal to a 0.8 per cent increase. This is also the highest level for the daily reference … [Read more...] about Exchange rate no problem for Viet Nam